A furniture manufacturer has three production lines for manufacturing seven different chair models. Each production line has a different production rate and requires a different amount of labor and material costs per unit for each chair model. Each production line also requires a setup time when switching from production of one chair model to another. The setup times depend on the identity of the previous chair model, the identity of the next chair model, and the identity of the production line. The production lines operate for two 8-hour shifts with a half hour of overlap between the two shifts. During this overlap time, the shift managers and machine operators transfer relevant knowledge and updates. Thus, there are a total of 15.5 hours during the day when each production line could be actively producing product. The production quantity requirements for the day are provided at the start of the day. At the start of the day, production plans are made. Unfortunately, each production line could randomly shut down and require a random amount of time before being restored to active status. The production planner needs to formulate the production plan that gives the desired number of each chair model while minimizing cost and without violating any constraints. For the following elements of the problem, indicate whether each is a parameter, decision, objective, or constraint. Production rates [rates] Production labor requirements [labor] Setup times [setup] Production machines cannot operate for longer than the time for two shifts [shifts] The time for two shifts [shift_time] Production quantity requirements [quantities] The company must produce at least the quantity required [production_quantity] Probability a production line breaks down during a given hour of the day [prob_shutdown] Mean and standard deviation of the time required to repair a production line [repair_time] The production plan [plan] The total production cost [cost]

A logistics company is responsible for shipping products from a warehouse to five different stores located in different cities. The company has three trucks available with varying weight and volume capacities, and the orders placed by the five different stores all have different weights and volumes. On each truck trip, the truck loads up at the warehouse and then delivers product to at least one of the stores. On a single trip, the truck can deliver product to more than one store before returning to the warehouse to load up another shipment. The costs of traveling from site i to site j are given by the following equation:

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Suppose output grows at 3.6% per year, capital grows at 3.0% per year, labor grows at 1.5% per year, and capital’s share is alpha = 1/3. Using growth accounting,   what is the implied TFP growth rate Delta A/A?

What is the journal entry to record bad debt expense? Dr. [DrAccount]               [DrAmount]                Cr. [CrAccount]               [CrAmount]

Record the journal entry for the issuance of the note on May 1. Dr. [DrAccount]               [DrAmount]                Cr. [CrAccount]               [CrAmount]

What is the Cost of Goods Sold (COGS) for the March 10th sale using Perpetual FIFO?

For this last section, you have two options for submitting your answers: Direct Typing: Use the “Essay” answer box provided for the Bank Reconciliation and the separate “Essay” answer box for the journal entries. File Upload: Complete the reconciliation and/or journal entries on a piece of scratch paper. Then, take a clear photo and upload it as part of the final “File Upload” question at the end of the exam. This upload question can also be used for any other written work you wish to show for partial credit. Scenario You are the accountant for Synergy Solutions. The beginning cash balance on November 1st was $10,000.00 for both the bank and the company books. The bank statement for November has just arrived, and the ending balance does not match the ending balance in the company’s Cash ledger. Required Tasks: Analysis: Review the Bank Statement and the Company Cash Ledger provided. Bank Reconciliation: Prepare a formal Bank Reconciliation in good form to arrive at the Adjusted Cash Balance. Journal Entries: After completing the bank reconciliation, answer the two questions about journal entries. Important Notes: Company Errors: Assume all errors are the company’s mistakes, not the bank’s. Check Payments: All checks are payments against Accounts Payable. Deposits: All deposits are received from customers against Accounts Receivable. First National Bank Member FDIC Account Statement Account No: 8851-2233 Statement Period: November 1 – November 30, 2025 Ending Balance: $17,560.00 Transaction Detail Date Description Withdrawal/Debit Deposit/Credit Balance Nov 1 Beginning Balance – – 10,000.00 Nov 5 Deposit – 5,000.00 15,000.00 Nov 8 Check #701 1,500.00 – 13,500.00 Nov 12 Deposit – 3,000.00 16,500.00 Nov 16 Check #702 800.00 – 15,700.00 Nov 20 NSF Check (From J. Doe) 250.00 – 15,450.00 Nov 22 EFT Payment (Rent) 1,200.00 – 14,250.00 Nov 25 Deposit – 4,000.00 18,250.00 Nov 28 Check #704 700.00 – 17,550.00 Nov 30 Service Charge Fee 30.00 – 17,520.00 Nov 30 Interest Earned – 40.00 17,560.00 Closing Bank Balance (11/30): $17,560.00 Synergy Solutions General Ledger – Cash Account Account: Cash (Acct. 101) Unadjusted Balance (11/30): $21,220.00 Transaction Record Date Description Ref Debit (Deposit) Credit (Payment) Balance Nov 1 Beginning Balance – – – 10,000.00 Nov 5 Deposit D301 5,000.00 – 15,000.00 Nov 7 Check #701 (A/P) C701 – 1,500.00 13,500.00 Nov 11 Deposit D302 3,000.00 – 16,500.00 Nov 15 Check #702 (A/P) C702 – 80.00 16,420.00 Nov 24 Deposit D303 4,400.00 – 20,820.00 Nov 27 Check #703 (A/P) C703 – 1,100.00 19,720.00 Nov 28 Check #704 (A/P) C704 – 700.00 19,020.00 Nov 30 Deposit D304 2,200.00 – 21,220.00 Closing Ledger Balance (11/30): $21,220.00

The following two questions ask for inventory cost calculations related to the scenario given below. Round the final calculation to the nearest dollar. To be eligible for partial credit, upload your work in the last question on the exam. A company has the following inventory transactions for the beginning of March: Date Transaction Units Unit Cost Total Cost Mar 1 Beginning Inventory 100 $10 $1,000 Mar 5 Purchase 200 $12 $2,400 Mar 10 Sale 150

Synergy Solutions uses a perpetual inventory system. At the end of the year, the unadjusted balance in the Merchandise Inventory account on the general ledger is $35,000. However, a detailed physical count of the goods remaining in the warehouse reveals that the actual inventory on hand is only $33,500. Dr. [DrAccount]               [DrAmount] Cr. [CrAccount]               [CrAmount]